FLYi Finally Files Chapter 11, Opens Bidding For Assets
After almost a year of issuing warnings, Independence Air parent FLYi filed for Chapter 11 bankruptcy protection as cash levels dwindled to $24 million and liabilities ballooned to $455 million. The company began seeking financial relief last November -- five months after its debut -- scrambling to...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
